Block Stock (XYZ) Explodes 23% in Pre-Market Today, 02/27/26— Here’s Why

FomoAnxiety · 2026-02-27T07:11:31+00:00

Block Inc.'s stock surged over 23% after CEO Jack Dorsey announced a 40% workforce cut while providing strong future guidance, aligning Q4 results with Wall Street expectations.

FomoAnxiety

2026-02-27 07:11:31

Abstract generation in progress

Block Inc.’s XYZ +4.99% ▲ stock is up by more than 23% in pre-market trading today, marking one of the biggest single-day moves in the company’s history. The rally follows a dramatic announcement from CEO Jack Dorsey to cut roughly 40% of the workforce. At the same time, Block issued strong guidance for Q1 and full-year 2026, while its Q4 results came in largely in line with Wall Street expectations.

Claim 50% Off TipRanks Premium

Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
Stay ahead of the market with the latest news and analysis and maximize your portfolio’s potential

For context, Block is a fintech company that provides digital payment solutions, point-of-sale systems, and financial services through Square, Cash App, and other platforms.

Disclaimer & DisclosureReport an Issue

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.